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it means for the eu debt crisis. what does brussels make of the vote so far? is austerity out? >> there are no official comment yet, but you can rest assured that everyone is watching very closely. brussels has been very concerned and worried about the potential return to power of silvio burlesconi. they have been working very closely together this past year to get in back on its feet. italy, like we have heard before, is a very important player in europe, the third biggest contributor to the euro budget and one-fifth of the rescue aid comes from realm. the concern is that if silvio burlesconi returns to power, that risks plunging the entire eurozone into chaos again. plus, the european project could come to a standstill. one message has been received here in brussels. more than half of the italians voted for the euro-sceptic populist. one of them, they will have to deal with in the next government that will be formed. >> nina, thank you for the update from brussels. the outcome of the italian elections has been weighing heavily on financial markets. our correspondent from fra
by talking about ordinary europeans getting up and reading about the crisis of confidence in the eu, the lack of transparency and lack of democracy in brussels. he said this inevitably engendered notions like fear and dismay and the solution until frustration -- and frustration, so the real question was how to overcome this kind of emotions. as a former east german dissident, he said there is only one way to overcome those kinds of emotions and that is for people to get involved, to overcome indifference and complacency. on an economic front, it was interesting -- he admitted that germany has profited more than any other european country in the last 10 years of. he said other countries have been complaining about that i am quite an angry shape or form. he said the only question was not a german europe but a europeanized germany. people had high hopes that it would sort of reinvigorate the european mission. gauck has considerable rhetorical capabilities, but it was not a great speech, it was a good speech. it was dutiful. there were fireworks. i do not think he captured anyone's imagination to
. i know what that poll is saying, but i think there's a lot of confusion between the euro and the eu sometimes. i know that people think of the eurozone and the eu as sort of the same thing. >> the whole message from the conservative government has been a little confused. it's interesting and we'll play this a little later, but -- >> but they want to stay in the eu if they can negotiate new terms. you punish about there's a split in there because there will be one wing of the party that is essentially we want to stay and he are negotiate. the question comes is if they can't get everything they want, do they then say we tried, but we still better stay? a whole other wing of the party says, if we try and we don't get what we want, then we had better leave. >> and it's interesting. we asked earlier tr week about whether it would be bad for business if britain left the eu. actually, he seemed to say yes. in every the less, i think he serves in some capacity with the government, as well. he hesitated a little bit and says, well, yes, we'll play that tape. >> and how many other people actu
year. >>> and the eu moves to clamp down on big paychecks in the banking sector, looking to cap bonuses on a banker's salary as early as next year. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. we're back. you're mobiled up and we have some data. >> yes. it's such a mobile world, isn't it, in many ways. let's first talk about what's happening with the german unemployment figures. we were waiting on these. it turns out 6.9%, that is the unemployment level for germany in january. the unadjusted figure is 7.4%. it's higher than expected. you can see the forecast was for 6.8%. the prior month was revised higher. the rate itself was unchanged. that's a right i think here in london or certainly in the u.s. they wouldn't mind seeing at this point. >> we've created a million private sector jobs. >> in britain? >> yeah. >> well, congratulations. >> there you go. that is the great conundrum, right? >> it's true. the different between -- well, and even with germany. the liesh market social security holding up, despite the sharp contr
for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circumstances, you
to continue risky behavior. hi bonuses have since become a very contentious topics. the eu is currently working on plans to limit banker bonuses. it would be a historic first. a swiss politician also launched an initiative a few years ago. he was fed up with the high bonuses paid to managers in switzerland's top companies. now swiss voters will decide if stockholders of companies will be able to determine how much money managers get. >> if -- is thomas a modern-day william tell or simply obsessed with revenge? for months, the 49-year-old businessman has been promoting his initiative to tighten controls on executive compensation with countless speeches, debates, and interviews. 16 hours a day he is in the fight of his life. >> the debate in assembly's committee, blocks have been phenomenal. it is a real pleasure to have the swiss system of direct democracy and to use it as an individual. >> it began in 2001 when swiss air was ounded. for the swissthe bankruptcy of their debt-ridden national carrier was traumatic. in the company's last ceo -- then the company's last ceo took home some 10
registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to today's, a bit of a transport theme going on this morning. >> or lack thereof. >> well, there's bmw, has their recalled. you have to take your one and three series back. >> the thing about the bmw is people have to take them to the special bmw shop, anyway. when you have a recall like this, it's a pretty straightforward process for owners. >> then making a replica of the "titanic." some people are worried they're making it in a chinese shipyard. >> they're pitching this with "titanic" with a twist. some say the twist should be maybe this time it won't sink. >> they are going to do the original sailing route. what happens when they get th
a speech. i'd love to know what they're going to say bearing in mind that they're not exactly pro eu parliament. so that will be fascinating, won't it? let's face it, anti-austerity was the theme of this. bearing in mind, we've got 50% of voters coming around to say grillo or berlusconi, we don't want aus tearpy. anyway, the bill fall guy in this election was the prime minister, the technocrat who ran, marto monte. let's hear what he's been saying in the aftermath of these electoral disaster. >> translator: it's still too early to consider any solution, nor does it rest upon me to find one. but right now, i consider it is essential that there's maximum transparency between the political forces because we're all faced with a very serious responsibility. the government must ensure responsibility for the entire country. >> okay. so more analysis. alana fred reeko joins us now. you've had a big meeting today already, loradonna. you shook my hand. lovely. thank you. no one else did today. what did you guys decide is the way forward? >> following the outcome of the italian election, the si
of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earnings estimates will probably go higher. wh
some of the things necessary to live up to their commitment to the eu. does this throw a wrench into the works? >> i think we should be thinking about it. the somewhat untold story is that -- >> you heard of this guy before this? >> absolutely. >> was he funny. >> he's funny. it would be a little bit like -- >> jackie mason? >> no -- >> seinfeld. >> robin williams or somebody. he was big in the '80s this guy. he also has been a big part of the political satire, all the rest of it. very, very bright guy. but you know, it's almost an a listic party. it's july real just truly a protest vote. to my knowledge it's gotten over 25% of the vote, the latest thing i've seen. monti is the best of the best. i honestly believe that is one of the, you know, on democracies it's easier to give stuff away. >> two years ago he had just started and i asked why are these pictures of monti in a beach chair. and they all said send monti to the beach. that was two years ago. >> yeah, he's only been in there a group -- grillo is moving. five-star movement is only three years old. it's a very organized,
Search Results 0 to 12 of about 13 (some duplicates have been removed)